B.—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Yeae ended 31st March, 1944, compared with Year ended 31st March, 1943 Gross Revenue Account

Net Revenue and Approbation Account

8

1943-44. i 1942-43. j —- 1943-44. 1942-43. ! | Jj ; To Generating-expenses (hydro-electric) — £ £ £ \ By Sales of electrical energy £ £ £ £ Lake Coleridge .. .. .. •• 19,039 17,494 Bulk for resale .. .. 549,805 498,623 Lake Waitaki .. .. .. .. 15,101 14,453 Other than for resale — Kaimata .. .. .. •• 2,125 2,136 Traction .. .. 33,194 32,561 Monowai .. .. 7,459 7,542 Industrial .. .. 100,758 94,933 43,724 Retail .. .. 111,152 109,358 41,625 — 245,104 — 794,909 735,475 Generating- expenses (fuel) Dobson .. .. •• 32,568 6,310 - Purchase of power in bulk .. .. .. •* 2,676 129 Rents Standby charges .. .. .. .. -• 225 225 Land and buildings .. .. 4,970 4,711 Lines and plant .. .. 496 502 79,193 48,289 5,466 Transmission System: Patrol and maintenance •• 21,091 20,694 5,213 Substations: Operation and maintenance .. •• 31,010 31,599 > Communication System: Patrol and maintenance .. 3,301 2,343 Miscellaneous revenue .. .. .. 8,705 8,754 Distribution: Maintenance .. .. .. •• 28,189 23,892 System operation, testing, &c. .. .. •• 11,378 12,023 Management and general expenses .. .. •• 64,793 62,737 238,955 201,577 Balance, to Net Revenue and Appropriation •• 570,125 547,865 Account """""" j £809,080 £749,442 £809,080 £749,442 I ~ — =

•— I | 194-3-44. 1942-43. 1943-44. 1942-43. £ £ £ £ £ To Interest (gross) for year endedr31st March, 1944.-. 283,299 ; 277,462 By Balance from Gross Revenue Account .. .. 570,125 547,865 Less interest capitalized .. 14,810 ! 14,082 Transfer from Reserve Fund (Finance Act (No. 2), 1944, 86,766 i 268,489 Section 9) 263,380 Depreciation on completed works .. .. •- 29,797 ! 134,473^ Loan Redemption Fund .. .. .. - • 254,866 41,615 Social Security charge, national security tax, | .. I 103,739 j 108,397 income-tax ! ! " — £656,891 £547,865 £656,891 £547,865 __________ ===========Ba—